HomeMy WebLinkAbout30-90 RESOLUTION•
•
R ESOrirr l <)N NO. 30-90
.t RESOL:ITICN AUTHORIZING PAYMENT TO MCDERMOTT.
WILL i EMERY LAW FIRM FOR DECEMBER :-31, .989
THROUGH JANUARY 12, 1990 FOR LEGAL SERVICES
RENDERED CM THE INCINERATOR PROJECT.
RK 1T RESOLVED BY THE BOARD OF D1 RECTORS OF THE CTTY OF
FAi'ETTEVTI.LE, ARKANSAS:
Section 1. That, the Board if Directors hereby authorize
payment of 642.,569.41 to the McDermott. Will Si Emery ..aw Firm for
iegaL services rendered on the incinerator project December 1-31,
:98° Through January 12, 1990. A copy of billing is attached
rerern and made a part hereof.
PASSED AND APPROVED this _6th day of ?srth
A L'TEST :
�%
RY : �A/�if..v� .'%�'� ffernrrp)
ttv
APPROVED:
Bv:
. 1990.
TAX IDENTIFICATION
NO. 861453176
LAW OFFICES OF
MCDERMOTT, WILL & EMERY
1850 K STREET, N.W.
SUITE 500
WASHINGTON, D.C. 20008 - 2298
202/887.8000
City of Fayetteville
113 West Mountain
Fayetteville, Arkansas 72701
ATTN: James L. Pennington
STATEMENT
DATE:
January 31, 1990
PLEASE RETURN REMITTANCE COPY WITH
YOUR PAYMENT. NO RECEIPT WILL BE FUR-
NISHED UNLESS SPECIFICALLY REQUESTED.
CLIENT / MATTER NO.: 24442-10
Fmm 157 REV 8
GENERAL
For Professional Services Rendered
between December 1, 1989 and December 31, 1989
as set forth in the attached
billing memorandum
Charges and Disbursements
Long Distance Calls
Travel
Toll calls for Washington
Toll calls for Chicago
Xerox -Chicago
Xerox -Washington
Chicago Telecopy
Washington Telecopy
Chicago Lexis
Washington Administrative Support
TOTAL
TOTAL THIS STATEMENT
INGOT
0881n
$ 14.17
853.56
17.48
65.58
415.30
275.80
156.00
76.00
478.02
22.50
$2,374.41
$40,195.00
2.374.41
142.569.41.
McDermott, Will & Emery
Suite 500
1850 K Street, A.W.
Washington, D.C. 20006
202-887-8000
Client: 24442
City of Fayetteville
113 West Mountain
Fayetteville, AK 72701
ATTR: James L. Pennington
For Legal Services Rendered in Connection With:
Matter: 10
General Matter
12/01/89 T. Ingoldsby
12/01/89 T. Ingoldsby
12/01/89 T. Ingoldsby
12/01/89 T. Ingoldsby
12/01/89 T. Ingoldsby
12/01/89 J. Simon
12/01/89
12/01/89
12/01/89
12/04/89
S. Boutet
S. Boutet
S. Pflaum
T. Ingoldsby
12/04/89 T. Ingoldsby
January 31, 1990
. 50 Call from K. Gay; review impleader
motion.
. 50 Draft agenda.
1.75 Meeting with B. Martin, S. Linebaugh
and W. Niblock.
7.00 Conference with S. Linebaugh and W.
Niblock.
5.25 Travel from Fayetteville, Arkansas to
Washington, DC.
3.00 Review on Arkansas authority on issue
of attorneys' duties to third parties.
. 50 Edit memo.
1.00 Dictate memo on validity of ordinance.
. 25 Review correspondence.
5.75 Review and revise memo on tolling
agreement; draft memo on December bond
payment; draft letter to third parties
on tolling agreement; calls to and
from K. Gay.
1.75 Call S. Linebaugh; call W. Niblock;
call S. Linebaugh and W. Niblock.
12/04/89 J. Huffman
12/04/89 S. Pflaum
12/05/89 T. Ingoldsby
12/05/89 J. Simon
12/05/89 B. Berning-Peppe
12/05/89 J. Huffman
12/05/89 S. Pflaum
12/06/89 B. Berning-Peppe
12/06/89 J. Huffman
12/06/89 S. Pflaum
12/6/89 T. Ingoldsby
12/06/89 C. Skrabacz
12/07/89 B. Berning-Peppe
2
4.00 Research for 8th Circuit decisions
discussing the scienter requirement in
10b-5 actions.
. 50 Review pleadings, correspondence, and
memoranda.
2.50 Draft memo on bond payment and letter
to potential parties to tolling
agreement; call K. Gay and S.
Linebaugh.
2.50 Research on bond issuance transactions
and duties owed by various parties to
the transactions.
. 25 Research regarding issues of estoppel
and authorization re enforceability
revenue bonds.
3.75 Researched for 8th Circuit decisions
discussing controlling person
liability in 10b-5 actions.
1.00 Review memoranda regarding status and
recommendations; telephone conference
with W. Niblock re telephone
conferences with third party
defendants.
4.75 Research and memo on issues of
estoppel and authorization re
enforceability of revenue bonds.
3.50 Analyze 8th Circuit cases discussing
scienter and controlling person
liability in 10b-5 actions.
. 75 Telephone conference with T. Ingoldsby
re status and assignments; review
memorandum re necessity of city to
adopt findings in enacting ordinance.
. 75 Call S. Pflaum.
. 75 Research cases on fiche for Brooke
Benning-Peppey.
8.00 Research and memo on issues of
estoppel and authorization in
enforceability of Revenue Bonds.
•
12/07/89 S. Pflaum
12/07/89 J. Simon
12/07/89 J. Cozad
12/07/89 J. Huffman
12/07/89 T. Ingoldsby
12/08/89 B. Berning-Peppe
12/08/89 S. Pflaum
12/08/89 J. Simon
.50 Office conference with J. Huffman re
scienter and controlling person
issues; office conference with J.
Cozad re lending of credit issue.
8.25 Research on duties owed by bond and
tax counsel in connection with a bond
offering and persons to whom such duty
is owed; review Indenture Agreement,
legal opinions and FGIC documents.
1.25 Meet with S. Pflaum to discuss lending
of credit issue; review lending of
credit cases and applicable
constitutional provisions.
.75 Confer with S. Pflaum and review
research regarding scienter and
controlling person liability in 10b-5
actions.
1.00 Calls to and from R. Gay and W.
Aiblock.
4.00 Research and memo on issues of
estoppel and authorization in
enforceability of Revenue Bonds.
1.00 Office conference with J. Simon re
third -party complaint; review
plaintiff's response to motion for
summary judgment.
6.75 Meeting with S. Pflaum re: third -party
complaints; review third -party
complaint complaint against City
Attorney; review documents prepared by
bond counsel and tax counsel; research
on duties in connection with bond
offerings.
12/08/89 J. Cozad 1.00 Review lending of credit issue under
Arkansas law.
12/11/89 J. Cozad
1.25 Research Arkansas authority on lending
of credit; look for any cases in which
a public entity loaned credit to
another public entity.
12/12/89 S. Boutet .25 Edit memo and check cites.
12/12/89 S. Boutet .25 Discuss memo revisions with S. Pflaum.
12/12/89 B. Berning-Peppe
12/12/89 S. Pflaum
12/12/89 T. Ingoldsby
12/12/89 J. Cozad
12/12/89 J. Simon
12/13/89 S. Pflaum
12/13/89 L. Covotsos
12/13/89 M. Phillips
12/13/89 J. Cozad
12/13/89 J. Simon
_ 4
3.50 Memo regarding validity of Waste
Disposal Agreement to finance revenue
bonds, based on ratification and
estoppel.
2.75 Telephone conference with T. Ingoldsby
re strategy and status; review letter
from A.G. Edwards; draft and revise
response to same; office conference
with J. Simon and S. Boutet re
third -party complaint.
1.00 Call S. Pflaum; review Edwards letter;
draft letter re: tolling agreements.
1.00 Review Arkansas authority on lending
of credit.
8.00 Meet with S. Pflaum re: third party
complaints; review Report to City
drafted by Nixon, Hargrove; review
Volume I of Transcript of Proceedings
of the remarketing of the bonds in
preparaticn of drafting third -party
complaint against Wright, Lindsey.
4.75 Office conference with J. Cozad re
lending of credit issue; telephone
conferences with K. Gay re Tolling
Agreement, strategy, and legal
research; revise Tolling Agreement;
review memorandum from S. Boutet re
lack of findings in ordinance raising
sanitation rates.
. 75 Researching the bond counsel's
liability in municipal bond
Transactions.
. 25 Conference with S. Pflaum re status of
research.
1.50 Research lending of credit issue; met
with S. Pflaum to discuss findings.
9.00 Review Volume II of Transcript of
Proceedings of the reoffering; review
opinions Lnd documents prepared by
Kutak, Rock and A.G. Edwards in
preparaticn of drafting third -party
complaint; Draft third -party complaint.
12/13/89 B. Berning-Peppe
12/13/89 S. Boutet
12/14/89 T. Ingoldsby
12/14/89 J. Simon
•
2.00 Review memo regarding validity of
Waste Disposal Agreement to finance
revenue bonds, based on ratification
and estoppel.
. 25 Edit memo on special legislation.
. 50 Call R. Gay.
8.50 Review Volume II of the Transcript of
Proceedings of the reissuance; review
opinions by Wright, Lindsey and The
Rose Law Firm in preparation of
drafting Third -Party Complaint against
The Rose Law Firm, meeting with S.
Pflaum re: Third -Party Complaint;
revise Third -Party Complaint.
12/14/89 S. Pflaum .50 Office conference with J. Simon re
Third -Party Complaint; review draft
letter to prospective defendants;
review memorandum re findings issue.
12/14/89 J. Huffman 5.25 Review lOb-5 scienter cases in 8th
Circuit; draft memo regarding scienter
requirement in lOb-5 8th Circuit
cases; research authority on
controlling person liability.
12/15/89 T. Ingoldsby 4.00 Call R. Gay, S. Pflaum; review and
revise complaint; draft memo to
directors.
12/15/89 M. Phillips 1.00 Research re dry hole issue.
12/15/89 J. Simon
12/15/89 S. Pflaum
6.50 Revise and edit Third -Party Complaint
Research on bond and tax counsel's
duties and diligence required in a
bond offering.
1.25 Telephone conferences with K. Gay re
Third -Party Complaint, attorney for
Authority, and related issues;
telephone conferences with T.
Ingoldsby re strategy and status.
•
•
•
12/15/89 J. Huffman
12/16/89 T. Ingoldsby
12/16/89 M. Phillips
12/16/89 S. Pflaum
12/17/89
12/18/89
12/18/89
S. Pflaum
T. Ingoldsby
T. Ingoldsby
12/18/89 J. Huffman
12/18/89 J. Simon
12/18/89 S. Pflaum
- •6
6.25 Revise and proof memo regarding
scienter requirement in 10b-5 8th
Circuit cases; research controlling
person liability.
1.75 Conference call with K. Gay and S.
Pflaum.
3.50 Continue research re dry hole issue.
2.25 Telephone conference with K. Gay and
T. Ingoldaby re Third -Party Complaint
and related issues; preparation for
trip to Fayetteville re Board of
Directors' meeting re same.
4.75 Revise Third -Party Complaint.
.50 Review draft of complaint.
1.25 Call K. Gay re: third party
complaints; review and revise
directors memo.
1.50 Review cases on controlling person
liability; confer with S. Pflaum
regarding research on municipality
liability under 10b-5 and on
municipality liability under theory of
respondeat superior.
12.50 Research on liability of underwriters
and underwriters' counsel for common
law negligence and securities
violations; research on privity
requirement necessary to bring suit.
8.50 Revise Third -Party Complaints;
telephone conference with K. Gay re
same; telephone conference with K.
Gay, J. Rose, and S. Linebaugh re
Board of Directors' meeting;
conferences with J. Simon re
third -party liability issues;
conference with J. Simon and M.
•
•
-.7
Phillips re status; research re
partnership entity issue; conference
with J. Huffman re controlling person
issue; research re respondent superior
liability.
12/19/89 J. Huffman 5.00 Research for authority on mumicipal
liability under 10b-5.
12/19/89 J. Simon
13.25 Research on liability of bond counsel
and tax counsel for common law
negigence; conference with S. Scholes
re: securities transactions and
liability; research on near privity
doctrine and privity doctrine and
privity requirement.
12/19/89 L. Bullen 3.75 Legal research re liability issues;
telephone conference with S. Pflaum.
12/19/89 S. Pflaum
15.75 Travel to Fayetteville re Board of
Directors' meeting; telephone
conferences with J. Simon and L.
Sullen re legal research; conferences
with K. Gay and W Hiblock re strategy
re Third -Party Complaint; research re
same; revise Third -Party Complaints;
attend Board of Directors' meeting;
preparation for same.
12/19/89 S. Scholes .25 Conference with J. Simon.
12/20/89 L. Bullen
12/20/89 T. Ingoldsby
12/20/89 J. Huffman
12/20/89 J. Simon
5.50 Research re priority under Arkansas
law; call S. Pflaum.
1.25 Call with R. Gay, W. Hiblock and S.
Pflaum re: third party claims.
3.25 Research re municipal liability under
10b-5.
7.00 Multi -state research on duty owed by
attorneys and underwriters to third
persons not in privity with them under
both Arkansas law and the law of all
states; comfer w/ S. Pflaum.
12/20/89 J. Cozad 1.00 Research lending of credit.
•
•
•
•
•
•
12/20/89 S. Pflaum
.8
9.25 Revise Third -Party Complaints;
conferences with K. Gay re same;
telephone conference with W. Niblock,
T. Ingoldsby, K. Gay and Jim Rose re
same; conference with W. Niblock, K.
Gay and Jim Rose re same; conference
with W. Niblock, K. Gay and G. Butler
re same; draft and revise affidavits
re John Doe defendants; telephone
conferences with L. Sullen and J.
Simon re status and strategy.
12/21/89 L. Sullen .50 Telephone conference with J. Simon;
research re priority.
12/21/89 S. Pflaum
8.75 Travel from Fayetteville; conference
with J. Simon re status and legal
issues; telephone conferences with K.
Gay, S. Linebaugh, J. Rose and T.
Ingoldsby re status and strategy.
12/21/89 J. Huffman 1.00 Research municipal liability under
10b-5.
12/21/89 J. Simon
12/21/89 T. Ingoldsby
12/21/89 J. Cozad
12/22/89 J. Simon
12/26/89 J. Simon
12/26/89 M. Phillips
12/27/89 J. Simon
12/27/89 J. Cozad
7.25 Multi -state research on duties owed by
underwriter, underwriter's counsel and
bond counsel to issuer of bonds.
. 50 Call S. Pflaum.
. 25 Research lending of credit issue.
4.00 Research on attorney's duties to third
parties and parties with whom there is
no privity.
7.25 Research on Arkansas law on duties
owed by bond counsel, underwriter and
underwriter's counsel to issuer of
bonds.
3.75 Continue research re "dry hole" issue.
7.50 Multi -state research on duties owed by
bond counsel, underwriter and
underwriter's counsel to issuer of
bonds.
. 50 Summarize authority for S. Pflaum re
potential lending of credit issue.
•
•
•
•
12/27/89 T. Glynn
12/27/89 T. Ingoldsby
12/27/89 C. Skrabacz
12/27/89 S. Pflaum
12/27/89 M. Phillips
12/27/89 L. Sullen
12/27/89 J. Huffman
12/28/89 T. Ingoldsby
12/28/89 T. Ingoldaby
12/28/89 J. Simon
- 9
1.25 Research Loyola Law Library for J.
Cozad.
2.00 Call S. Linebaugh, K. Gay and S
Pflaum; draft letter to Kutak.
.25 Research cases on Lezis for J. Huffman.
1.50 Telephone conference with T. Ingoldsby
re status; office conference with
L. Sullen re research re near privity
issue; office conference with M.
Phillips re strategy and status;
review memorandum re eforceability of
Waste Supply Agreement against the
City.
1.25 Continue research; conference with S.
Pflaum re same.
. 75 Conference with S. Pflaum re research
findings; research re priority.
6.50 Research municipality liability under
10b-5 and respondeat superior.
3.50 Calls to and from K. Gay; review and
revise memo to directors; review Kutak
tolling agreement.
. 50 Call K. Gay.
8.25 Multi -state research on duties of bond
counsel, underwriters and
underwriters' counsel to ensure that
the contracts underlying the
transactions are enforceable.
12/28/89 J. Huffman 3.75 Research municipality liability under
10b-5 and respondeat superior.
12/29/89 J. Simon
7.50 Multi -state research on duties of bond
counsel, underwriters and
underwriters' counsel; research on
near privity doctrine under Arkansas
Law.
•
•
•
•
•
12/29/89 J. Huffman
Disbursements
Long distance telephone
Travel
•
-10-
3.00
10-
3.00 Review and analyze cases addressing
municipality liability under 10b-5 and
respondeat superior.
Total Hours 338.00
Total For Services $40,195.00
14.17
853.56
Sub Total $ 867.73
Toll calls for Washington 17.48
Toll calla for Chicago 65.58
Xerox -Chicago 415.30
Xerox -Washington 275.80
Chicago Telecopy 156.00
Washington Telecopy 76.00
Chicago Lexis 478.02
Washington Administrative Support 22.50
Sub Total $1,338.18
Disbursements Total $2,374.41
Total This Statement $42,596.41
*** COMBINED TOTALS ***
2046n
Total Hours 338.00
Combined Total for Services, all Matters $40,195.00
Combined Total for Disbursements, all Matters $2,374.41
Combined Total this Statement, all Matters $42,569.41